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What do you get from the government when you turn 62? A Guide to Early Social Security Benefits

According to the Social Security Administration, 1 in 3 65-year-olds today will live until at least age 90, making the decision of when to start receiving benefits critical for long-term financial security. When you turn 62, you become eligible for Social Security retirement benefits, but choosing to claim them at this earliest possible age comes with a significant and permanent reduction in your monthly payments. Understanding the trade-offs is crucial for making the right choice for your retirement plan.